Consumer Payment Card News

Credit Piggybacking

While it might be unethical to use another consumer’s good credit to improve your poor credit to qualify for a lower interest mortgage or credit card, it is apparently legal for now. A San Diego company has compiled a group of investors with seasoned tradelines dating back at least 10 years with perfect payment history and low balances and made them available to the public. Under the program borrowers are added as authorized users to help build credit. TradeLine Solutions says it can boost a score from the 500s into the 700s. The Company offers five packages for varied levels of credit, with plans starting at $599. For more information visit: “”:

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